Sec. 805. Analysis of decentralized finance markets and technologies
197 words·~1 min read·
/bill/117/s/4356/is/section-805·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Commodity Futures Trading Commission, Securities and Exchange Commission, and private sector developers and participants in decentralized protocols, digital assets, and digital asset exchanges, shall— analyze the market position of decentralized finance technologies with respect to digital assets; and submit to the Committee on Banking, Housing, and Urban Affairs and the Committee on Agriculture, Nutrition, and Forestry of the Senate and the Committee on Financial Services and the Committee on Agriculture of the House of Representatives a report on— current development and use of decentralized finance protocols in the United States and other countries; opportunities, benefits, and challenges relating to decentralized finance protocols and self-custody of digital assets; a comparison of operational friction, fees, liquidity and trading opportunities in decentralized finance protocols, digital asset markets, and traditional markets; transparency, prevention of manipulation, and customer protection; cybersecurity and resiliency; and ensuring the accuracy of information regarding the underlying smart contracts of a decentralized finance protocol and the transactions facilitated by such contracts, as the information appears on a website or other similar means relating to the protocol.